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Acquired $92M worth of Airbnb properties | Helping investors buy cash flowing Vacation Rentals (Airbnbs)

There’s a fight to buy Airbnbs… UNDER $750,000 in purchase price —————— Here’s why ⬇️ Once you factor in the costs: •Down payment •Closing costs •Renovations •Furniture/Decor/Set Up •Amenities •Design Most people don’t have $300,000+ in cash to invest in a single property. Anything over $750k in purchase price requires huge amounts of capital that the majority of investors don’t have or aren’t willing to commit. **If you need help buying a cash flowing vacation rental, send me a DM**

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Matthew Hermenau, PharmD, CPT, NBC-HWC 🔱

Husband | Co-founder (P)harmless Health | Helping men combat obesity, and reclaim masculinity

5mo

Very accurate post! What are some strategies you would have for those competing for these types of properties? Aka most newer investors.

Jacob Morgenstern

🌴 Home of the 5% Vacation Rental Management Company! No strings attached! 🌊 Unmatched Value, Exceptional Service - Welcome to Stayshores 🏖️

5mo

Here is an email I sent my investor before going live on Airbnb. This was an 8-bedroom house in Florida. It cost us about $385K from downpayment, clsoign costs to rehab and furnishings. It could have been way more had we done a 25% downpayment. We dealt with Nathan Gort from thelender.com Here is the Breakdown you requested. Mr. X invested: $186,031.92 ($3,041.92 on card, $182,990 deposited to bank account). Mr. Y $197,460.62 ($5,560.62 on cc, $191,900 deposit in account) Home purchase wired to Title: $340,825.21 (20% down with the lender.com) Rehab: $28,218.73 (contractor $18,800, Locksmith $1,142, PM $8,276.73 Furnishings: $6,234.64  Utilities (internet, water, electric) $299.24 Landscaping & Pool $620 Miscellaneous: (Insurance, photos etc.) $10,148.02 Total expenses (rehab, furnishings, utilities, landscaping and pool) $45,515.63

🏠 Dan Bourdeau

Co-Founder/CEO at Host Genie | Ex-Google

5mo

This is why I do ground up luxury developments, once I have the land I'm not competing with anyone, and for under $750k (really under $500k) I can produce a property that has a lasting competitive advantage at a competitive price

Rick DeJardin

Top 1% Insurance Producer | RE Investor | Investor

5mo

This is definitely true, however, if you have a good business plan, track record and a good banking relationship, many times you can get the majority of all of that 298k back. The amount of revenue a place like that can generate is typically high enough to generate a 1M+ dollar appraisal and having an 80% LTV, you can get most of it back. Also, those closing costs are really high compared to what I have ever experienced in my own purchases.

Yossi Greenwald

The ZERO commission platform - Rayze.it

5mo

🤔 2024 Max conforming loan 766,550 Purchase price 901,823 .15 down = 135,273 85 LTV = 766,549 Jaime can we teach em' ? ;) Taylor Jones for novices I'll agree, a Savvy team can easily bring on a 1,000,000 property with that same 300k out of pocket.

Jeremy Werden

I help investors crush it with short-term rentals | Host of The Short-Term Rental Pros Podcast | Co-founder BNBCalc

5mo

Does this make opportunity at that pricepoint?

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John Hildebrand

Hilde Home Vacation Rentals. Airbnb Ambassador. Always talking vacation rentals and real estate investing.

5mo

:)

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Derek R. Gisriel

Top rated property management in Florida and Texas. We help Airbnb owners double their income in 90 days or we will work for free until we do

5mo

Great insight! Taylor Jones

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